Correlation Analysis Between Bursa Malaysia and Seoul Comp

This module allows you to analyze existing cross correlation between Bursa Malaysia and Seoul Comp. You can compare the effects of market volatilities on Bursa Malaysia and Seoul Comp and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Bursa Malaysia with a short position of Seoul Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and Seoul Comp.
 Time Horizon     30 Days    Login   to change

Bursa Malaysia  vs.  Seoul Comp

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to under-perform the Seoul Comp. In addition to that, Bursa Malaysia is 1.86 times more volatile than Seoul Comp. It trades about -0.24 of its total potential returns per unit of risk. Seoul Comp is currently generating about -0.19 per unit of volatility. If you would invest  246,065  in Seoul Comp on May 20, 2018 and sell it today you would lose (10,068)  from holding Seoul Comp or give up 4.09% of portfolio value over 30 days.

Pair Corralation between Bursa Malaysia and Seoul Comp

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and Seoul Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Seoul Comp and Bursa Malaysia is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Bursa Malaysia are associated (or correlated) with Seoul Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seoul Comp has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and Seoul Comp go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.